Oil Price Archives | Be Korea-savvy
S. Korean Petrochemical Firms Move to Prepare for Higher Oil Prices

S. Korean Petrochemical Firms Move to Prepare for Higher Oil Prices

SEOUL, Jan. 17 (Korea Bizwire) — South Korean petrochemical companies have since last year been moving to make big investments and diversify their portfolios to prepare for changes in the business environment, including higher oil prices, the energy ministry said Wednesday. Major petrochemical companies are set to hold a meeting in Seoul where they will [...]

Falling Oil Prices to Boost Consumption in Emerging Economies: Sources

Falling Oil Prices to Boost Consumption in Emerging Economies: Sources

SEOUL, March 15 (Korea Bizwire) – Falling crude oil prices will likely boost petroleum and petrochemical products consumption in emerging economies that will benefit South Korea’s refiners, industry sources said Wednesday.  Benchmark West Texas Intermediate (WTI) ended at US$49.28 per barrel as of March 9, industry data showed.  It is the first time since November [...]